Tag: Derek Myron
37. The Financial Planning Guide for High-Net-Worth Families

37. The Financial Planning Guide for High-Net-Worth Families

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Most high-net-worth families work with various professionals, such as CPAs, estate planning attorneys, and valuation experts.

How can you bring them all together and create a holistic financial plan?

Derek Myron and Kyle Malmstrom answer the question in this episode. Join them as they explain strategies to create a forward-looking financial plan, minimize income and estate taxes, and optimize your wealth transfer for future generations. They also walk you through Centura Wealth Advisory’s comprehensive wealth management process that liberates you from financial burdens.

Derek and Kyle discuss:

  • Ways to know if a particular financial services professional is ideal for you
  • How to avoid a silo approach to your finances and focus on long-term planning
  • Tips for building a customized financial strategy based on your unique goals
  • Best practices to help you prepare for the potential tax changes
  • And more

Connect With Centura Wealth Advisory:
32. Key Things You Need To Know About Corporate Valuations With Brent Glova

32. Key Things You Need To Know About Corporate Valuations With Brent Glova

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For a lot of advisors, attorneys, CPAs, and other professionals, 2020 was one of their busiest years. Now, with hot market conditions and new rules and regulations, 2021 is shaping up to be even busier!

In this episode, Derek Myron is joined by Brent Glova, managing director at Vantage Point Advisors, Inc. They explore the ins and outs of the current valuation landscape for both private and public companies, and share strategies to help you cope with the changing market conditions.

Brent discusses:

  • The impact of COVID-19 on various valuation methods
  • Major factors driving the growth of the M&A market and business valuation needs
  • Tips for efficient and timely estate and gift tax planning to adapt to potential tax changes
  • Why you should start planning your valuation process as early as possible
  • And more

Connect With Brent Glova:

Connect With Centura Wealth Advisory:

About Our Guest:

Prior to becoming managing director in Vantage Point Advisor’s San Diego office, Brent Glova has been a director and manager with the firm. In his tenure in the valuation field, Mr. Glova has performed business valuations for purchase price allocations, goodwill impairment testing, share based compensation valuations, ESOP transactions, board advisory, shareholder buy-outs, fairness opinions, and for fundraising support. Mr. Glova has served domestic and international clients in an array of industries including: life sciences, technology, real estate and industrials, among others.
Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group

Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group

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When business leaders from different industries come together, it can lead to a diverse set of perspectives that challenge you to think differently, and help you make better decisions. 

In this episode, Derek Myron is joined by Joe Phillips, founder and chairman of The BEST CEO Group. With nearly 23 years of experience in running businesses all over the world, Joe shares how he coaches and mentors several CEOs to improve their leadership skills and business acumen through his highly exclusive peer advisory group.

You will learn:

  • What Joe’s three peer groups are all about – and how they serve CEOs and their key employees
  • How a diverse group of businesses can help you broaden your scope of knowledge
  • Why sharing your issues with fellow executives can be highly impactful
  • What differentiates The BEST CEO Group from other peer advisory groups
  • And more!

Tune in now to learn how you can glean insights from fellow business leaders and enhance your leadership skills!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Joe Phillips on LinkedIn | The BEST CEO Group | Contact Joe Phillips at: Joe@thebestceogroup.com
Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning

Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning

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With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.

What can you do now to minimize the impact of this act on your estate planning?

Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.

You will learn:

  • Tax saving opportunities posed by the current, all-time high benefits
  • Why you should contact a professional and begin estate planning as early as possible
  • The benefits of IR-2019-189 regulations for your estate and gift taxes
  • Strategies to build a blueprint for efficient estate planning
  • And more!

Tune in now to learn how you can prepare yourself to deal with the expected tax changes!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Kyle Malmstrom on LinkedIn
Episode 15 – Estate Tax Implications If Joe Biden Wins The Presidential Election

Episode 15 – Estate Tax Implications If Joe Biden Wins The Presidential Election

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The Presidential Election is coming up in less than 3 months. Are you prepared for the potential estate tax implications if the Democratic Party wins the election?

Today, Derek Myron and Kyle Malmstrom take an extensive look at the estate tax implications if Joe Biden wins the Presidential Election in November. They discuss why you should begin planning now regardless of the outcome of the election, the potential wealth risks you may face and more.

In this episode, you will learn:

  • What the estate tax is and how it works
  • Why you should be thinking about estate tax planning now before the election in November
  • The options you have for proactively creating an estate plan
  • The potential legislative risk you run if a plan is not in place in time
  • Some considerations you should think about while estate planning
  • Who you should talk to about creating your proactive estate plan
  • And more!

Tune in now to learn more about why you should begin estate planning TODAY!

Resources: Centura Wealth Advisory | dmyron@centurawealth.com | kmalmstrom@centurawealth.com 

 
Episode 14 – A Dive into Private Placement Life Insurance (PPLI) — With Guest Rick Calderon

Episode 14 – A Dive into Private Placement Life Insurance (PPLI) — With Guest Rick Calderon

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Private placement life insurance (PPLI) is a tax efficient, low-cost vehicle to provide Accredited Investors and Qualified Purchasers a means to transfer wealth.

PPLI leverages institutionally-priced wholesale insurance to create a tax efficient wrapper that gives investors the power of compounded growth tax free, as well as using a death benefit to transfer wealth to Generation 2+. 

Derek Myron is joined by Rick Calderon from MAS Advisors LLC to expand on PPLI and how it can serve as a wealth transfer vehicle for the right investor. 

In this episode, you will learn:

  • What PPLI is, the tax benefits, and who the ideal investor would be
  • Minimum investment requirements for creating a PPLI plan, and what the cost/yield is. 
  • What MEC and non-MEC structures are and how they can provide either wealth transfer or income for investors 
  • Good and bad investments for PPLI 
  • And more!

Tune in to learn all about private placement life insurance!

Resources: Centura Wealth Advisory | MAS Advisors LLC | Rick Calderon
Episode 13 – The Impact Of COVID-19 On The Multi-Family Real Estate Industry – With Mark Gleiberman

Episode 13 – The Impact Of COVID-19 On The Multi-Family Real Estate Industry – With Mark Gleiberman

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Multi-family real estate can provide a tax-efficient wealth-building model for yourself and your family. But has COVID-19 impacted the market, and if so, how?

Today, Derek Myron speaks with Mark Gleiberman, CEO of MG Properties about multi-family real estate, the tax implications of multi-family real estate, and the impacts of COVID on the multi-family real estate market.

In this episode, you will learn:

  • About MG Properties and their investment history and outlook
  • Tax efficiencies that come from multi-family real estate investing
  • The average return rate for multi-family real estate in various locations before and during the pandemic
  • How COVID has impacted multi-family real estate
  • How the underwriting process has changed in light of COVID-19
  • What may happen to the real estate market if there’s a legislative change in tax-free exchanges  
  • And more!

Tune in now to learn more about multi-family real estate and the effect the pandemic has had on one regional player in the industry!

Resources: Centura Wealth Advisory | Mark Gleiberman on LinkedIn | MG Properties Group
Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar

Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar

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With 20 million lawsuits filed every year, asset protection has proven to be a major concern for wealthy individuals.

In this episode, Derek Myron speaks with Siddharth Chhokar of Chhokar Law Group about how ultra-wealthy individuals can achieve true asset protection. They discuss powerful planning options for people who live in states that don’t have asset protection laws, along with strategies for negotiating and for removing the threat of outrageous litigation.

In this episode, you’ll learn:

  • The difference between the segregation of risk and true asset protection
  • Which three states allow you to create a private trust company 
  • How to protect assets in your child’s trust — even though certain states don’t allow people to create self-settled asset-protection trusts
  • What actions to take before the tax landscape changes
  • And more!

This is an informative episode that you will want to rewind and listen to again! Tune in now to hear powerful planning strategies to help you achieve true asset protection.

Resources:  Centura Wealth Advisory | Chhoker Law Group: (858) 384-5757
Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank

Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank

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The Treasury Department recently issued new FAQs regarding SBA PPP loans. It addresses many key questions and issues, however, some business owners remain in the dark and are looking for clarity.  

In part three of the PPP loans series, Derek Myron speaks with Dan Yates, CEO at Endeavour Bank, to offer an insight from the banks’ perspective of the SBA PPP loans and the most recent expansion of the program. Together they break down the current funding situation, and what the recent FAQs do to provide more clarity – and in some cases create some unknowns.

In this episode, you’ll learn:

  • How banks are addressing SBA PPP loan applications
  • How internal and federal restrictions on banks may be impacting processing
  • Tips for business owners who feel “stalled” in the process
  • The chances of a third round of PPP funding
  • The loan forgiveness eligibility and process
  • And more!

Tune in now to hear facts and gain clarity about the SBA PPP program.

Resources:   Centura Wealth Advisory | Endeavour Bank

 
Episode 6 — How can small business owners optimize SBA PPP loans? – with Curt Welker, CPA and Tax Partner of PKF San Diego

Episode 6 — How can small business owners optimize SBA PPP loans? – with Curt Welker, CPA and Tax Partner of PKF San Diego

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Congress has recently approved an additional $310 Billion in SBA PPP loans. This aims at supporting small businesses in running their operations and paying their workers. However, it is crucial that business owners gain an in-depth understanding of this program in order to optimize SBA PPP loans.

At Centura Wealth Advisory, we help small business owners by through tax planning and business strategies to maximize their wealth.

Today, Derek Myron joins tax expert Curt Welker, CPA tax partner with PKF San Diego to provide a breakdown of the SBA PPP. Together they offer many key facts about this program and answer your burning questions. 

In this episode, you’ll learn:

  • What should business owners do before and when they have gotten the PPP SBA loan
  • The hurdles business owners need to jump through before receiving complete loan forgiveness
  • Important strategies you can implement to optimize this program for your business
  • Can employers defer social security payroll taxes under the PPP 
  • How can business owners free up additional cash flow in these times
  • And more!

Tune in now to learn all about the SBA PPP program and how it can help keep your business afloat!

Resources:  Centura Wealth Advisory | PKF Accounting San Diego | Email Derek Myron |  Email Curt Welker

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